The Business Research Company’s report on the Pipeline And Process Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the pipeline and process services market’s growth in recent years?
The increasing demand for oil and natural gas is expected to propel the pipeline and process services market growth. Oil and natural gas are energy resources derived from fossil fuels formed from the underground decomposition of prehistoric organisms for several to tens of millions of years. The pipeline and processes services are essential for the upkeep of pipes during the life cycle of an oil and gas pipeline so that transportation of the essential fuels can continue without any hindrance. For instance, in September 2024, according to India Brand Equity Foundation (IBEF), an India-based government export promotion agency, in India, the oil demand is expected to register double growth to reach 11 million barrels per day by 2045. Therefore, the increasing demand for oil and natural gas is driving the pipeline and process services market growth.
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How does the future projection of the pipeline and process services market size compare to its historical growth?
The pipeline and process services market size has grown strongly in recent years. It will grow from $3.95 billion in 2024 to $4.17 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to infrastructure rehabilitation, globalization of energy trade, shifts in energy sources, economic factors, infrastructure expansion.
The pipeline and process services market size is expected to see strong growth in the next few years. It will grow to $5.58 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to efficiency and cost reduction, water infrastructure services, geopolitical factors, increasing global energy demand, smart infrastructure development. Major trends in the forecast period include energy transition, maintenance and integrity, automation and digitalization, pipeline expansion projects, environmental regulations.
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Which key players are shaping the future of the pipeline and process services market?
Major companies operating in the pipeline and process services market are Halliburton Company, Baker Hughes Company, EnerMech Ltd., IKM Gruppen AS, Altus Intervention, Ideh Pouyan Energy Co, Trans Asia Pipeline Services, Techfem Spa, Enerpac Tool Group, STEP Energy Services, Chenergy Services Limited, CR Asia Group, Eunisell Limited, Alphaden Energy and Oilfield Limited, Cypress Pipeline & Process Services, Hydratight, Blue Fin Group, Tucker Energy Services, IPEC Ltd., Barnard Construction Company Inc., Sunland Construction Inc., Snelson Companies Inc., STATS Group, Intertek Group PLC, Oil States Industries Inc., T.D. Williamson, MISTRAS Group Inc., Shawcor Ltd., Schlumberger Limited, Weatherford International
What trends will propel the growth and evolution of the pipeline and process services market?
Major companies operating in the pipeline and process services market are developing innovative technologies, such as pipeline inspection tools, to sustain their position in the market. A pipeline inspection tool is a specialized device or system used to assess the integrity and condition of pipelines, ensuring they operate safely and efficiently. For instance, in September 2022, The Dacon Pipeline Services, a Thailand-based company that offers inspection of plastics and concrete material pipelines, launched a 3 multi-channel ultrasonic pipeline inspection tool. The device goes through a pipeline while continuously taking measurements at very brief intervals to gather information and turn it into a high-resolution picture of the pipeline. The software then processes the pipeline data to create a readable and precise representation of the pipeline.
Which regions are expected to become dominant players in the pipeline and process services market?
North America was the largest region in the pipeline and process services market share in 2024. The regions covered in the pipeline and process services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the pipeline and process services market, and how are they evolving?
The pipeline and process services market covered in this report is segmented –
1) By Operation: Pre-Commissioning And Commissioning, Maintenance, Decommissioning
2) By Asset Type: Pipeline, Process
3) By Raw Material: Plastic, Carbon Steel, Steel
4) By End-Users: Oil And Gas Industry, Chemical Industry, Water Treatment Industry, Construction And Manufacturing Industry, Other By End-Users
Subsegments:
1) By Pre-Commissioning And Commissioning: Pipeline Testing And Inspection, Flushing And Cleaning Services, Hydrostatic Testing, Commissioning Support Services
2) By Maintenance: Routine Inspection And Monitoring, Pipeline Repairs And Rehabilitation, Corrosion Management, Leak Detection Services
3) By Decommissioning: Pipeline Abandonment Services, Environmental Assessment And Remediation, Dismantling And Removal Services, Waste Management Services
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How is the pipeline and process services market defined?
Pipeline and process services are pre-commissioning, commissioning and maintenance services during which the installed pipeline goes through several procedures to ascertain its full functionality. The pipeline and process services are used to maintain the pipeline in good condition while it is in operation and involve several tasks performed on pipelines.
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